Fixed vs Tracker for Your 2025 Remortgage – Which Should You Pick?

With mortgage rates shifting and the base rate in motion, remortgaging in 2025 comes with one big question: Should you go fixed or tracker?
This guide breaks it down simply, using real-world insight and examples from clients we’ve helped recently at Mortgage Brokers Near Me.

2025 has already seen two base rate cuts, with the Bank of England holding the rate at 4.5% in March. Lenders are reacting quickly — tracker rates are falling, and fixed rates are becoming more competitive again.

The result? Confusion for homeowners, especially those whose fixed deals are ending or those weighing up a remortgage.

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Should You Pick Fixed or Tracker? (Decision Flow)

Use this simple guide to help you decide:

1. Do you need predictable payments to budget each month?
→ Yes – A Fixed Rate Mortgage is likely the safer option. (See Section : What Is a Fixed-Rate Mortgage)
→ No – Consider your comfort with rate changes (see Section: What Is a Tracker Mortgage)

2. Are you comfortable with the possibility of your monthly payments increasing if rates rise?
→ Yes – A Tracker Mortgage could work well, especially if rates continue to fall. (See Section: What Is a Tracker Mortgage)
→ No – A Fixed Rate will give you peace of mind and payment stability. (See Section: What Is a Fixed-Rate Mortgage)

3. Do you believe interest rates will drop or remain low in the near future?
→ Yes – A Tracker Mortgage might offer short-term savings.
→ Not Sure – A 2-Year Fixed Deal gives you flexibility while rates settle. (See Section: What Most People Are Choosing Right Now)

Case Study – Self-Employed Remortgage Client

Earlier this year, we worked with Hassan, a freelance designer based in Birmingham. His fixed deal was ending, but as a self-employed borrower, he was worried lenders wouldn’t offer him competitive tracker options due to income fluctuations.

We reviewed his last 2 years of SA302s, checked his affordability, and compared both fixed and tracker options based on realistic earnings.

• Fixed option: 5-year fix at 4.19%
• Tracker option: Base +0.79% → 4.54%
• Tracker gave more flexibility, but monthly payments varied and stress-tested higher.

In the end, Hassan chose a 2-year fixed to maintain budgeting stability and revisit his income structure before making a longer-term decision.

What Happens When Your Term Ends?

When your fixed or tracker deal ends, you’ll revert to your lender’s Standard Variable Rate (SVR) usually much higher. This can add hundreds to your monthly payment.

Key tip:
If your deal ends within the next 6 months, you can often lock in a new one early and we can help you do that without a penalty in most cases.

FAQs – Fixed vs Tracker Remortgage

Can I switch mid-term if rates drop?

‍Only if your deal has no ERC or very low fees. Always check the fine print.

What are average fixed and tracker rates right now (60% LTV)?

• Fixed: ~3.89%–4.49%
• Tracker: ~4.24%–4.44%
  (Rates change weekly — ask us for the latest live rates.)

What’s better for a remortgage fixed or tracker?

‍It depends on your financial situation and goals. Fixed is safer; tracker may be cheaper if rates keep falling.

Is it worth getting advice for a remortgage?

‍100%. A 30-minute chat with a broker could save you thousands in the long run.

How Mortgage Brokers Near Me Can Help

We compare live fixed and tracker deals across dozens of lenders, including broker-only products not available direct. We’ll also:

• Check if you’re eligible to switch early
• Run the numbers to show your potential savings
• Recommend the most cost-effective and flexible option

📞 Book your free remortgage review today. No pressure. Just clarity and expert guidance.

Ready to Remortgage?

Whether you want to lock in peace of mind or ride the tracker wave while rates fall, we’ll help you make the smartest choice for your situation.

Get in Contact below to get a free remortgage quote from Will and the team no obligation, just expert help.